You will be redirected back to your article in seconds

BSkyB Set to Buy Sky Deutschland, Sky Italia, Creating Pan-European Pay-TV Giant

U.K. satcaster BSkyB is expected to announce deals worth up to $12 billion to acquire Sky Deutschland and Sky Italia on Friday, which would create a pan-European pay TV giant.

The new entity, which observers are referring to as Sky Europe, would have 19 million subscribers in the U.K., Ireland, Italy, Germany and Austria.

Goldman Sachs analysts estimate that combining the three companies could generate synergies of £100 million ($170 million) by 2017, the Financial Times reported Thursday.

It would also strengthen the company’s hand in the German market, which offers large opportunities for growth. Only 20% of German households pay for premium pay TV channels, compared with 50% in the U.K., according to research group IDATE.

The case for buying Sky Italia is weaker as it has lost more than 200,000 customers since 2011.

The deals would also release coin for Rupert Murdoch’s 21st Century Fox, which it could use for an acquisition of Time Warner. As well as owning a 39% stake in BSkyB, Fox owns 100% of Sky Italia and 57% of Sky Deutschland.

More TV

  • Disney-ABC TV Chief on Weinstein's Victims,

    Disney-ABC TV Chief Ben Sherwood on Weinstein's Victims, Shonda Rhimes' Exit

    U.K. satcaster BSkyB is expected to announce deals worth up to $12 billion to acquire Sky Deutschland and Sky Italia on Friday, which would create a pan-European pay TV giant. The new entity, which observers are referring to as Sky Europe, would have 19 million subscribers in the U.K., Ireland, Italy, Germany and Austria. Goldman […]

  • Bill OReilly Roger Ailes Sexual Harrassment

    Bill O'Reilly, Roger Ailes Still Loom Over Fox's Business (Analysis)

    U.K. satcaster BSkyB is expected to announce deals worth up to $12 billion to acquire Sky Deutschland and Sky Italia on Friday, which would create a pan-European pay TV giant. The new entity, which observers are referring to as Sky Europe, would have 19 million subscribers in the U.K., Ireland, Italy, Germany and Austria. Goldman […]

  • RuPaul

    RuPaul Reveals the Queens Competing in 'RuPaul's Drag Race All Stars' Season 3

    U.K. satcaster BSkyB is expected to announce deals worth up to $12 billion to acquire Sky Deutschland and Sky Italia on Friday, which would create a pan-European pay TV giant. The new entity, which observers are referring to as Sky Europe, would have 19 million subscribers in the U.K., Ireland, Italy, Germany and Austria. Goldman […]

  • Donald Trump

    SAG-AFTRA Supports 'Unencumbered Press' After Trump's License Revocation Threat

    U.K. satcaster BSkyB is expected to announce deals worth up to $12 billion to acquire Sky Deutschland and Sky Italia on Friday, which would create a pan-European pay TV giant. The new entity, which observers are referring to as Sky Europe, would have 19 million subscribers in the U.K., Ireland, Italy, Germany and Austria. Goldman […]

  • Brent Briscoe Dead: 'Twin Peaks' and

    Brent Briscoe, 'Twin Peaks' and 'Parks and Recreation' Actor, Dies at 56

    U.K. satcaster BSkyB is expected to announce deals worth up to $12 billion to acquire Sky Deutschland and Sky Italia on Friday, which would create a pan-European pay TV giant. The new entity, which observers are referring to as Sky Europe, would have 19 million subscribers in the U.K., Ireland, Italy, Germany and Austria. Goldman […]

  • 'Magnum P.I.' Reboot in Development at

    'Magnum P.I.' Reboot in Development at CBS From Peter Lenkov With Production Commitment

    U.K. satcaster BSkyB is expected to announce deals worth up to $12 billion to acquire Sky Deutschland and Sky Italia on Friday, which would create a pan-European pay TV giant. The new entity, which observers are referring to as Sky Europe, would have 19 million subscribers in the U.K., Ireland, Italy, Germany and Austria. Goldman […]

More From Our Brands

Access exclusive content